How to avail of the cycle to work scheme
Choose an electric bike from this site and email us your request and we will send you an invoice.
Provide the invoice to your HR department to arrange payment.
Contact ebicycle to arrange the collection of your electric bike.
From 1 January 2009, the provision of bicycles and associated safety equipment by employers to employees who agree to use the bicycles to cycle to work will be treated as a tax exempt benefit-in-kind. The exemption may only apply once in every 5 year period in respect of any employee. There will be a limit on value of such purchases of €1000 for each employee. This scheme may also be implemented via salary sacrifice arrangements, whereby an employee agrees to forego part of his/her salary to cover the costs associated with the purchase of the bicycle and associated safety equipment. Where such salary sacrifice arrangements are implemented, they must be completed over a maximum period of 12 months. The taxes relieved include: Employee tax at marginal rates Employee PRSI/health levy and Employer PRSI. Participation is voluntary for employers.
Qualifying safety equipment- Cycle helmets which conform to European standard EN 1078 Bells and bulb horns Lights, including dynamo packs mirrors and mudguards to ensure riders visibility is not impaired. Cycle clips and dress guards Panniers, luggage carriers and straps to allow luggage to be safely carried. Locks and chains to ensure cycle can be safely secured pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs. Reflective clothing along with white front reflectors and spoke reflectors
You can check out the full information on citizeninformation.ie